Sabrina N. Gordon, Business Reporter

Senator Don Wehby has commissioned a study of corporate tax incentives, and has secured help from the IMF for the review. - File

A team of consultants paid for by the International Monetary Fund is in Jamaica to do a review of the tax incentive system that the finance ministry is undertaking as part of reforms being overseen by Senator Don Wehby.

"The three consultants arrived in the island this morning (Thursday), and I have already met with them," he told the Financial Gleaner later in the day.

The three are expected to wrap up their work in two weeks, after which a report goes to Cabinet.

First mentioned

The Senator first mentioned the study of the tax incentives Wednesday at a seminar hosted by the Institute of Chartered Accountants of Jamaica..

"The study is expected to inform a more efficient process going forward," said Wehby, the minister without portfolio in the Ministry of Finance and the Public Service.

It will review the incentives that exist in the various sectors and determine whether they should be modified, eliminated or switched.